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20130113
20130121
Search Results 0 to 7 of about 8 (some duplicates have been removed)
, came from borrowing, the deficit. the sum total of all of these annual deficits, plus the interest is national debt. today the national debt extends at $16.4 trillion. the treasury is empowered to borrow money to make up for that shortfall. but only up to a certain amount. that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cn
, energy, i'm going to focus on this god awful deficit and debt we have. those seemed to be the three long-term things he was playing for and then newton happened and like every parent, like every american, his heart was broken and he has taken this incredibly politically difficult and divisive issue of gun safety and put it ahead i think of debt and deficit, immigration and energy. he had to respond to what happened and people right now are judging that response. >> there's a blueprint. certainly there's a blueprint and they're working on the blueprint. plans on how they'll pursue gun control and plans on how they'll pursue immigration. massive rollouts in the next few weeks. marco rubio seasoning the house for possible transformative legislation. >> 2016 happened right here right now. >> and she wasn't even the first. >> wasn't even the first. margaret and paul, thank you for joining us to talk ability these fascinating issues. >> and when we return, a sneak peek at tomorrow's parade route and security measures in place around the capitol. security so very tight here. and later, roosevel
. barclay's research puts venezuela's annual fiscal deficit at nearly 20% of gdp, one of the highest imbalances in the world. total debt has more than doubled since 2008. and that is despite the fact that venezuela has the greatest proven reserves of oil in the world. more than saudi arabia, iran or canada. when hugo chavez first came to power in 1999, oil was trading at $11 a barrel. today, it is trading at $111 a barrel. chavez has presided over the greatest windfall in his country's history. and, yet, venezuela is probably the only petro state in the world where people regularly suffer power outages. infrastructure is crumbling and public security is abysmal. venezuela has one of the worst homicide rates in the world, worse even than colombia, honduras and mexico. a recent foreign affairs essay pointed out that venezuelan exports to the u.s. from the start of chavez's rule through 2011 added up to nearly $350 billion. that's iconic for a presidency which marketed itself as anti-american. but even that trend may be reversing. according to a "financial times" report for every 10 bar
've really got to do this. you were talking about debt and deficit and government spending 15, 20 years ago when nobody was that much focused on it in washington, but now they really are. here is a chance for you to take all you learned, what you learned on the way up, on the way down, in congress, in the governorship, and apply it to what is really the debate of our times. if you look, we're having a new fiscal crisis it seems every couple months. we had the debt ceiling, the fiscal crisis, and that's really the tip of the iceberg that is coming our way based on unbelievable demographics and unbelievably unsustainable government spending. what i want to do is take what i learned and hopefully apply it to again a great conundrum that now exists in washington, which is how do we get our financial house in order? >> i wish you all the very best. thank you for joining me again tonight. it's a pleasure to talk to you as it was last time. i genuinely wish you well. i'm glad you're making another go at this. good luck with it. >> i appreciate it, thanks. >>> a critic who says newtown changed ever
about the deficit and we have simpson bowles which everyone promptly ignored. it's kind of going back into the conversation now, but the question is, and i know you've written an op-ed, you know, what's reasonable? what is reasonable in terms of gun control when it comes to states that understand the gun culture and how deeply it is embedded in the culture of some of these states? >> well it's going to have to be a little bit from all of the above and that's why, you know, your show -- >> assault weapons ban. >> we've heard from the special interest groups, we're hearing from, you know, one end of the spectrum or that end of the spectrum, but in the end, our duly elected officials get together with an open mind and they then make decisions on behalf of the people they represent. that's where getting back to no labels is so important. you know, we've got the politics of right and left and center, but we've forgotten the most important part of all and that's the politics of problem solving. representing the people in all that we do. what we are doing today is not normal and for the youn
. president obama has racked up more spending, $1 trillion deficits. and it's time that he join us in this effort to get our fiscal house in order. what is a drag on the economy is the spending. that is what is hurting hard-working taxpayer right now. and so we need him to join us in this effort. >> at the end of the day, this is going to be a question about public opinion. what makes you think talking about not raising the debt ceiling or shutting down the government, what have you, is a winner in the court of public opinion? >> well, again, we don't want to shut down the government, but in the court of public opinion, people also know that the federal government and the out of control spending is unsustainable. and large majorities of the american people want us to cut spending, to start making the tough decisions, to balance our budgets, start living within our means. the american people, in their own families, they understand that you have to do that. you have to make the tough decisions. you have to get your budget, you've got to put it in order. and they expect their elected
Search Results 0 to 7 of about 8 (some duplicates have been removed)